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Category Archives: Debit Cards

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Lawmakers want CFPB input on use of college debit cards to disburse financial aid

By John L. Culhane, Jr. on Posted in Debit Cards, Student Loans

In addition to a flurry of news reports, the U.S. Public Interest Research Group Education Fund’s report on the use of debit cards to disburse federal financial aid to college students has also triggered a letter to the CFPB and the U.S. Department of Education by two Democrat lawmakers.  Issued last month, the report found… More >

In calling for increased regulation of reloadable prepaid cards, consumer groups should be careful what they wish for …

By Stefanie Jackman on Posted in CFPB General, CFPB Rulemaking, Credit Cards, Debit Cards

By Jeremy T. Rosenblum and Stefanie H. Jackman Recently, the Consumers Union, Center for Public Policy Priorities, Center for Responsible Lending, Coalition of Religious Communities, National Consumer Law Center, SC Appleseed Legal Justice Center and U.S. PIRG called on the CFPB to extend various protections afforded to debit cards under the Electronic Fund Transfer Act… More >